Nissan Motor eyes $4 billion in bond sales, term sheet shows
The car maker is looking at a five-, seven- and 10-year dollar bond deal to raise a minimum of at least $750 million in each tranche.
Prospective investors have been told the five-year tranche would have a coupon in the mid-7 per cent area, the seven-year tranche would be in the high 7 per cent area while the longer-dated tranche would be in the low 8 per cent area, the term sheet said.
Nissan is also looking at a four and eight-year Euro issuance with a minimum size of 500 million euro ($588.40 million) in each tranche.
Pricing guidance has been set at high-5 per cent for the four-year and high-6 per cent for eight-year bond, the term sheet said.
Nissan said it also planned a 150 billion yen ($1.04 billion) six-year convertible bond.
($1 = 0.8498 euros)
($1 = 144.7900 yen)
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